$4.00 a gallon

From the CATO Institute, 2003:

One last word on the rising cost of gasoline. American motorists should be mighty pleased that the United States does not adopt the economically dysfunctional high-energy tax policies that are commonplace in Europe. In the Euro nations gasoline often reaches $4 a gallon with more than half the price collected in taxes. Perhaps $2 a gallon gasoline is a bargain after all

$4 a gallon! Boy those Europeans sure were a bunch of suckers.